Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Taylor Jernigan
Best place to find actual private money lenders and not brokers?
23 January 2025 | 3 replies
Do you know of any good websites where I can post my deals?
Andrew Schaff
Hello BiggerPockets! New PRO here
14 January 2025 | 7 replies
I definitely plan on building a team in the market we select.
Marquell Proctor
Hello BiggerPockets! New PRO here
7 January 2025 | 2 replies
My suggestion would be to select someone with the most forum posts or most reviews.
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
And if you select the Growth or Professional, you get a total of $100 in your wallet.
Tim Tafel
How Does Comping Software (Privy, Propwire, Propstream) Get Their Data?
15 January 2025 | 3 replies
For example, to get up-to-date property tax data you would need to scrape every county's tax data website (thousands of different websites, data formats, issues, etc...) then aggregate and clean the data.
Rosalita Smith
Do I have to sell my house to afford buying?renovating a new house?
20 January 2025 | 1 reply
This website has been so enlightening to me but I am super new to this.
Leeling Chew
Best Course of Actions To Remove a Difficult Tenant
27 January 2025 | 6 replies
But because you rent by the room and YOU SELECTED the roommates (for which the other roommates had no control over), that makes you directly responsible to the other tenants should any harm or damage come to them.
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report. hmm, that website is a 404 error.
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
Just looked at their website.